Auburn Bay Real Estate Market Report – July 2020
July 2020 was a pivotal month for the Auburn Bay community in Calgary, as the real estate market began to rebound following the challenges posed by the COVID-19 pandemic. This popular neighborhood, known for its beautiful lake, parks, and family-friendly atmosphere, continued to attract interest from homebuyers.
Market Overview: In July, Auburn Bay recorded 34 home sales.
21 SOLD Detached houses $388,000 - $1,416,000;
6 SOLD Duplex houses $330,000-$387,500;
1 SOLD townhouse at $341,000;
6 SOLD Apartment $230,000-$269,000.
Inventory and Trends: The current market features 36 active listings, offering a variety of housing options, including single-family homes, townhouses, and condos. Homes are selling at an average of 30 days on market (DOM), reflecting a balanced market where buyers are taking time to make informed decisions. Properties that are well-maintained and attractively priced are seeing quicker sales, often resulting in competitive offers.
Community Insights: Auburn Bay’s charm lies in its extensive amenities, including parks, pathways, and the picturesque lake that serves as a hub for outdoor activities. The community fosters a strong sense of belonging through events and gatherings, even amid pandemic restrictions. Additionally, the proximity to schools, shopping centers, and dining options enhances the quality of life for residents.
Looking Ahead: As we move into August, the Auburn Bay real estate market is expected to maintain its upward trajectory. The summer months typically bring increased buyer activity, creating opportunities for sellers. While competition may rise for desirable listings, buyers are encouraged to act swiftly to secure their preferred properties. Overall, Auburn Bay continues to be a vibrant and appealing community within Calgary’s evolving real estate landscape.
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